Medallion Metals (ASX: #MM8) has intersected 3.5m of semi-massive to massive sulphides outside the current resource envelope at Harbour View!
⚒️ Located 85m in the footwall, this could be a game-changer!
🔗 Read more: https://t.co/j363EDqTpu
#ASXNews
archTIS signs $704,000 Contract with Accenture to Provide Services for an NC Protect Proof of Concept. Read the ASX Announcement: https://t.co/XPD9JENMpq
#AR9 $AR9 $ARHLF
@GeoffWilsonWAM Who cares. The fuckwits that demand this kind of saturated labour onsite are the same ones that complain about the saturated labour being onsite.
CST is making strides with the BFS for Rover 1 IOCG Project in NT.
A financially robust, long-life mine producing gold doré, copper, cobalt, and high-grade magnetite. Recent work has optimized mining, beneficiation, and refining at the MASDP in Darwin.
https://t.co/CbvfUgv1qf
Medallion announces an Exclusivity Agreement with IGO to negotiate the acquisition of the Cosmic Boy Process Plant and associated infrastructure of the Forrestania Nickel Operation (FNO), following completion of nickel processing by IGO at FNO.
🔔View: https://t.co/kuHG65G8x7
"The NT Gov has classified Castile Resources’ Rover 1 project with major project status... which is expected to generate a capital expenditure of nearly $280 million and will directly target gold doré, cobalt, copper..."
➡️Read the @ozmining article here: https://t.co/mWYi7ACXQW
$DM1.ax ⛏️ $DM1 #DM1
Here comes the news flow...
Aircore drilling identifies new $gold structure at Tengrela South, Côte d'Ivoire Initial exploration for Adzope #gold project planned...
"Vital Metals reports a 79% expansion of resources within the Tardiff #RareEarths deposit; further growth expected with inclusion of 2023 drill results."
https://t.co/0qNQzi085R $VML $VTMXF #Canada
$MM8
#Gold pumped to all time highs last night
$MM8 still sitting at 19M MC with 1.62M ounces of #Gold eq at 2.6g/t in WA
Ore reserves of over 600k ounces #Gold
The recent PFS was done at a #Gold price $1875 US
Run the current spot price through the PFS
How is it 19M MC?
⬇️
$MM8
$MM8 looking better this morning!
Not sure why the EV per #gold ounce in ground wouldn’t be appealing here
It’s a lot cheaper than a lot of it’s other #Gold junior peers in WA!
Higher grade & good scale with good board/management!
Solid fundamentals IMO
@PeakAsset1 $MM8 for me!
1.62M ounces of #Gold eq at 2.6g/t in WA trading under 20M MC - it’s actually a joke & what can happen in crazy bear markets!
$MM8
#Gold just keeps pumping now
Keen to see how $MM8 trades on open, will there be some interest or more disappointment?😂
Surely #Gold juniors with ounces in ground can’t keep trading at these levels!
Makes no sense
$MM8 1.62M ounces #Gold eq at 2.6g/t in WA at 18M MC
⬇️
$MM8
Starting to look for a cheap #Gold junior?
#Gold price pumping recently & doesn’t look like stopping
#Gold juniors looking to have bottomed out now & a good time to get set before the crowd IMO
$MM8 is my pick for the best #Gold junior in WA risk/reward wise!
As per below peer comparison, $MM8 is the cheapest EV per ounce despite being one of the highest grades & highest confidence deposits ✅
The top 20 - 5 sub holders on $MM8 who have been there since the start & own 52% of the register, overall top 20 is over 70% - tight register ✅
$MM8 own a revenue generating camp in Ravensthorpe, currently leased out to $LTM - 1.5M cash due in the next six months ✅
Extremely high confidence deposit with the recent update in reserves to over 600k ounces at 1.9g/t ✅
Current MRE of 1.62M ounces #Gold eq at 2.6g/t ✅
PFS completed with an NPV of 307M using a spot price well below current levels & only a portion of the current resource ✅
Currently in discussions for non dilutive finance which if achieved will change the narrative completely for $MM8 ✅
Great board & management team with the chairman being an $NST NED & another director a proven mine builder with a capable MD who has bought plenty of stock on market ✅
2.6M in cash as per last quarterly with 1.5M in cash receivables due in the next six months & the MD has stressed recently no near term CR ( never say never) ✅
Market cap of only 18M currently & owns 7.36% of $NIS just in case they hit something! ✅
The few downsides I have found are that it is not close to a mill so will need to build own mill (163M capex) & small debt to the number 1 shareholder but not cause for any concern IMO ✅
IMO the $MM8 fundamentals are strong & well set if #Gold juniors get some love with the increasing #Gold price at some point!
If you have any thoughts, let me know!